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Trending ETFs

Name

As of 07/17/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.02

$4.06 B

0.56%

$0.27

0.34%

Vitals

YTD Return

9.9%

1 yr return

19.8%

3 Yr Avg Return

20.1%

5 Yr Avg Return

13.6%

Net Assets

$4.06 B

Holdings in Top 10

37.3%

52 WEEK LOW AND HIGH

$47.5
$39.14
$47.94

Expenses

OPERATING FEES

Expense Ratio 0.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/17/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.02

$4.06 B

0.56%

$0.27

0.34%

TSPA - Profile

Distributions

  • YTD Total Return 9.9%
  • 3 Yr Annualized Total Return 20.1%
  • 5 Yr Annualized Total Return 13.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    T. Rowe Price U.S. Equity Research ETF
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Jun 08, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason Polun

Fund Description

In the Summary Prospectus, and Sections 1 and 2 of the Prospectus, the disclosure under “Principal Investment Strategies” is supplemented as follows:

The fund is nondiversified, which means it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund.

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TSPA - Performance

Return Ranking - Trailing

Period TSPA Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -51.8% 22.1% 94.21%
1 Yr 19.8% -58.9% 46.9% N/A
3 Yr 20.1%* -25.7% 197.6% N/A
5 Yr 13.6%* -29.1% 93.8% N/A
10 Yr N/A* -17.2% 37.0% N/A

* Annualized

Return Ranking - Calendar

Period TSPA Return Category Return Low Category Return High Rank in Category (%)
2025 15.7% -69.4% 53.7% N/A
2024 25.7% -94.0% 152.6% N/A
2023 29.4% -13.9% 183.6% N/A
2022 -19.6% -18.2% 8.9% N/A
2021 N/A -80.2% 35.2% N/A

Total Return Ranking - Trailing

Period TSPA Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -97.2% 22.1% 96.49%
1 Yr 19.8% -58.9% 67.6% N/A
3 Yr 20.1%* -25.7% 197.6% N/A
5 Yr 13.6%* -28.1% 93.8% N/A
10 Yr N/A* -11.8% 37.0% N/A

* Annualized

Total Return Ranking - Calendar

Period TSPA Return Category Return Low Category Return High Rank in Category (%)
2025 16.4% -69.4% 53.7% N/A
2024 26.4% -94.0% 152.6% N/A
2023 30.0% -13.9% 183.6% N/A
2022 -18.7% -12.8% 8.9% N/A
2021 N/A -60.0% 35.2% N/A

TSPA - Holdings

Concentration Analysis

TSPA Category Low Category High TSPA % Rank
Net Assets 4.06 B 177 K 1.21 T 92.85%
Number of Holdings 311 2 4154 29.39%
Net Assets in Top 10 781 M 1.74 K 270 B 91.22%
Weighting of Top 10 37.30% 1.8% 100.0% 51.77%

Top 10 Holdings

  1. NVIDIA CORP COMMON STOCK USD.001 7.73%
  2. APPLE INC COMMON STOCK USD.00001 6.96%
  3. MICROSOFT CORP COMMON STOCK USD.00000625 4.96%
  4. AMAZON.COM INC COMMON STOCK USD.01 3.77%
  5. ALPHABET INC CL C COMMON STOCK USD.001 3.17%
  6. BROADCOM INC COMMON STOCK 2.80%
  7. META PLATFORMS INC CLASS A COMMON STOCK USD.000006 2.40%
  8. ALPHABET INC CL A COMMON STOCK USD.001 2.36%
  9. TESLA INC COMMON STOCK USD.001 1.77%
  10. ELI LILLY + CO COMMON STOCK 1.38%

Asset Allocation

Weighting Return Low Return High TSPA % Rank
Stocks
99.59% 0.00% 130.24% 24.69%
Cash
0.48% -102.29% 100.00% 73.58%
Preferred Stocks
0.00% 0.00% 2.23% 59.13%
Other
0.00% -13.91% 134.98% 59.20%
Convertible Bonds
0.00% 0.00% 5.54% 57.05%
Bonds
0.00% -0.04% 95.81% 56.98%

Stock Sector Breakdown

Weighting Return Low Return High TSPA % Rank
Utilities
0.00% 0.00% 25.44% 22.69%
Technology
0.00% 0.00% 48.94% 25.07%
Real Estate
0.00% 0.00% 37.52% 57.70%
Industrials
0.00% 0.00% 29.90% 84.94%
Healthcare
0.00% 0.00% 60.70% 72.27%
Financial Services
0.00% 0.00% 55.59% 67.65%
Energy
0.00% 0.00% 41.64% 69.33%
Communication Services
0.00% 0.00% 27.94% 21.85%
Consumer Defense
0.00% 0.00% 49.14% 70.38%
Consumer Cyclical
0.00% 0.00% 50.47% 10.71%
Basic Materials
0.00% 0.00% 26.10% 72.62%

Stock Geographic Breakdown

Weighting Return Low Return High TSPA % Rank
US
99.59% 0.00% 127.77% 49.10%
Non US
0.00% 0.00% 33.51% 36.38%

TSPA - Expenses

Operational Fees

TSPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.01% 2.95% 78.93%
Management Fee 0.34% 0.00% 2.00% 31.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

TSPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TSPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TSPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% 27.61%

TSPA - Distributions

Dividend Yield Analysis

TSPA Category Low Category High TSPA % Rank
Dividend Yield 0.56% 0.00% 19.15% 37.96%

Dividend Distribution Analysis

TSPA Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

TSPA Category Low Category High TSPA % Rank
Net Income Ratio N/A -54.00% 6.06% 36.85%

Capital Gain Distribution Analysis

TSPA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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TSPA - Fund Manager Analysis

Managers

Jason Polun


Start Date

Tenure

Tenure Rank

Jun 08, 2021

0.98

1.0%

Jason Polun is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He joined the T. Rowe Price Group in 2003. He is a director of equity research for North America, chair of the Equity Research Advisory Committee, and a member of the Equity Steering Committee. In addition, Jason is co-portfolio manager of the Capital Opportunity Fund and is a member of the portfolio oversight team. He is also cochair of the Capital Opportunity Fund's Investment Advisory Committee. Previously, Jason was a research analyst following money center banks and specialty finance companies and a member of the Investment Advisory Committee of the Equity Income Fund and Financial Services Fund. Prior to rejoining the firm in 2007, Jason was employed by Wellington Management Company, LLP, as a vice president and an equity research analyst, where his coverage included aerospace and defense, energy, packaged food, restaurant, and chemical companies. He earned a B.S. in business and finance from Mount St. Mary's College and an M.B.A. in finance and accounting from The Wharton School at the University of Pennsylvania, where he was a Palmer Scholar. He has also earned the Chartered Financial Analyst designation.

Ann Holcomb


Start Date

Tenure

Tenure Rank

Jun 08, 2021

0.98

1.0%

Ann Holcomb is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company. She is also a portfolio manager and quantitative analyst in the Quantitative Equity Group. Ann is a vice president and Investment Advisory Committee member of the Capital Opportunity Fund. She joined the firm in 1996, and her investment experience dates from 1995.Prior to her current position, she was an investment data analyst and database programmer in the Quantitative Equity Group. Ann earned a B.A. in mathematics from Goucher College and an M.S. in finance from Loyola University Maryland. She has also earned the Chartered Financial Analyst designation.

Jason(Jay) Nogueira


Start Date

Tenure

Tenure Rank

Oct 01, 2021

0.66

0.7%

Mr. Nogueira has been chairman of the committee since the fund’s inception. He joined the Firm in 2004 and has a total of 15 years of investment experience. Since joining the T. Rowe, he has served as a portfolio manager (beginning in 2016) and as an equity research analyst and assisted other portfolio managers in executing certain of the Firm’s equity strategies. Nogueira holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.17 2.42